Rancho Cucamonga, CA 91730,8551 Madrone AVE
$2,838,000
$2,900,000
2.1%
Est.Price: ?

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0.98 Acres Lot

8551 Madrone AVE Rancho Cucamonga, CA 91730

Est. payment /mo
SOLD DATE : 02/23/2015

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Key Details

Sold Price $2,838,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR14013989

Sold Date 02/23/15

HOA Y/N No

Tax Year 2012

Lot Size 0.985 Acres

Property Description

We are pleased to exclusively offer for sale (3) contiguous 1-Acre Parcels; APN#0207-262-01, 02 and 03. Addresses included in offering are 8551, 8565 and 8583 Madrone Avenue. Zoned for rare Medium Density Development in the City of Rancho Cucamonga with the potential for 42+ Townhome Unit. Located west of Vineyard and South of Arrow Route in the center of newer single family and medium density development. Combined acreage is approximately 3.13 with an approximate square footage of 136,444. Offering price is approximately $21.25 per square foot. R.C. Zoning specifies and allows up to 14 dwelling units per acre when multiple acres are combined. This a rare and very good opportunity for In-Fill density within the easterly portion of the city. Rancho Cucamonga's housing market has stabilized and once again appreciating in value and sought after due to its location. Demand is high and new inventory very low for this type of potential product! Two of the three parcels currently have single family rental housing. Please contact Broker for additional information and full Offering Memorandum. Prospective buyers to complete their own thorough Due Diligence for any and all proposed new land use. Older Assessors records in regard to parcel sizes are not accurate.

Location

State CA

County San Bernardino

Area 688 - Rancho Cucamonga

Zoning R-3

Interior

Fireplace No

Exterior

Fence Block, Chain Link, Partial

Community Features Suburban

Utilities Available Sewer Available

View Y/N Yes

View Hills

Building

Lot Description Lot Over 40000 Sqft, Level, Paved, Tear Down, Value In Land

Others

Senior Community No

Tax ID 0207262030000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brion Costa • Century 21 Adams & Barnes
Bought with JOHN MORRISSEY • MGR REAL ESTATE
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agent

Sandy Dabbs

Agent | License ID: 02120617

+1(714) 287-9983

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